Tweet FXStreet (Córdoba) – USD/JPY failed to sustain gains above the 120.00 level as the consumer confidence-inspired spike quickly faded. USD/JPY found resistance at a session high of 120.14 and pulled back before being contained by the 119.80 area and being confined to a narrow range over the last hours. At time of writing, the [...]

Tweet FXStreet (Edinburgh) – The precious metal is extending the recent break below the critical $1,200 handle, currently testing the vicinity of $1,180. Gold softer on USD strength The buying interest around the US dollar kept the demand for the yellow metal subdued today, pushing the Gold to close the second consecutive month with losses. [...]

Tweet FXStreet (Edinburgh) – EUR/USD seems to have been stabilizing around the mid-1.0700s at the end of the NA session. EUR/USD depressed, focus on PMIs, US data The pair remains entrenched into the negative territory during the first half of the week, as the lack of progress or positive prospects from the Greek debt talks [...]

Tweet FXStreet (Edinburgh) – In the view of Strategists at Westpac, another bull run in the pair would not be ruled out. Key Quotes “EUR/USD price action last couple days suggests the post-FOMC exploration of the topside is complete”. “But, while we see lower euro levels medium term we wonder whether there may be some [...]

Tweet FXStreet (Edinburgh) – Analyst at JP Morgan assessed the EUR/CHF trade in light of the possibility of the SNB adopting some form of QE. Key Quotes “We are tempted to re-sell EUR/CHF given our long-held skepticism that that SNB could or would establish a new floor for the cross, but it’s safer to wait [...]